Cryptocurrency is a very hot topic at the moment, and to help our clients we have created a webinar to discuss to the tax implications with the different use cases in Cryptocurrency. In this webinar you will learn: What is Cryptocurrency Crypto as an Investment Tax Implications Trading For tracking… Read More »Cryptocurrency and its Tax Implications
The Australian Taxation Office (ATO) is alerting taxpayers that its sights are set on work-related expenses like car and travel claims that are predicted to decrease in this year’s tax returns. Overall, around 8.5 million Australians claimed nearly $19.4 billion in work-related expenses in their 2020 tax returns. Assistant Commissioner Tim Loh… Read More »ATO warns on ‘copy/pasting’ claims
Individuals Low and Middle income tax offset The government has announced they will retain the LMITO for another year meaning that if you have earned less than $126,000 you will be eligible for an offset of up to $1080. Increase of the Medicare levy thresholds for low-income earners. The government… Read More »2021/22 Budget Summary
The Australian Taxation Office (ATO) is reminding the community that the temporary shortcut method is available to those claiming working from home deductions this year. The temporary shortcut method was created at the height of the pandemic last year to respond to the sudden influx of makeshift home workspaces. Assistant… Read More »Working from the kitchen bench? Here’s how you sort your tax